Stillwater, Minnesota, renowned for its historic charm and scenic beauty along the St. Croix River, continues to attract a diverse range of residents. Understanding the current real estate market is essential for those considering buying, selling, or renting in the area.
Current Market Overview
As of April 2026, the median listing price for homes in Stillwater is approximately $449,950, reflecting a 24.94% decrease from the previous year. Despite this decline, the median sold price has risen by 20.27% year-over-year, reaching $528,000. This indicates a competitive market where well-priced homes are in demand. Homes typically spend about 33 days on the market, suggesting a brisk pace for transactions.
Home Values and Trends
The average home value in Stillwater stands at $450,923, marking a 3.7% increase over the past year. Properties generally go pending in around 25 days, underscoring the market’s vitality.
Rental Market Insights
For those exploring rental options, the average rent in Stillwater is $2,291 per month, slightly above the national average of $1,930. This stability offers predictability for renters planning their housing budgets.
Neighborhood Highlights
Downtown Stillwater presents unique opportunities. The median sale price here is $430,000, a 21.6% decrease from the previous year. Homes in this area average 75 days on the market, providing potential buyers with more time to make informed decisions.
Market Dynamics
With 116 homes currently for sale and 13 available rentals, Stillwater’s real estate market offers a variety of options. The median days on market have decreased by 10.81% year-over-year, indicating a competitive environment.
Conclusion
Whether you’re considering purchasing a historic home, seeking a rental, or planning to sell, staying informed about Stillwater’s real estate trends is crucial. Engaging with local real estate professionals can provide personalized insights to navigate this dynamic market effectively.